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Gardner Projects Even Better Year in 2013

Gardner Projects Even Better Year in 2013
According to Steven R. Kline, director of market intelligence for Gardner Business Media, Gardner’s recently completed Capital Spending Survey indicates an 8 percent increase next year in machine tool orders over what is estimated to be a very good 2012. According to Kline, orders for new metalcutting equipment are forecast to be $6.634 billion next year. That follows year-over-year increases of 89 percent and 8 percent, respectively, in 2011 and 2012, based on estimated final sales for those years. How can the machine tool market be doing so much better than the general economy?

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